Corruption in global value chains remains among the top risks that companies around the world must mitigate. Most multinational corporations have gone to great lengths to ensure anti-corruption compliance among their business partners abroad. However, many firms in emerging markets – especially the smaller ones – still do not necessarily know how to go about putting in place anti-corruption checks and balances in their day-to-day operations.
A growing number of resources, including CIPE’s own Anti-Corruption Compliance: A Guide for Mid-Sized Companies in Emerging Markets, have been created to help address this knowledge gap and assist businesses everywhere with anti-corruption compliance regardless of their size. The latest contribution in this area comes from the B20 Coalition, produced at the request of the G20 Anti-corruption Working Group: a new Anti-corruption Toolkit for Small and Medium-sized Enterprises (SMEs). The B20 Coalition brings together leading independent business associations from G20 economies and advocates on behalf of more than 6.7 million small, medium and large companies. Co-chaired by IBLF Global, the Coalition operates as a worldwide platform of exchanges between national business communities.
IBLF Global, in cooperation with TEID in Turkey and numerous companies in the B20, led the drafting and publication of the toolkit. Using CIPE’s guide and other resources as inspiration, the toolkit explains why SMEs around the world should pay attention to anti-corruption compliance and how they can take concrete steps to prevent and resist corruption in their business. This resource is currently being adapted and translated into other languages. It can be accessed online here.